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Smallbusinesses are more vulnerable to cyber-attacks since hackers view them as easy victims to target. While this may seem unlikely, statistics reveal that more than half of these businesses experienced some form of cyber-attack in 2022. Therefore, it’s crucial that smallbusinesses make cybersecurity a top priority.
If you’re a smallbusiness owner, it’s crucial to understand the significance of cybersecurity and the steps needed to safeguard your data, customers, and company reputation. The Financial Impact of Cyberattacks For smallbusinesses, the financial consequences of a cyberattack can be devastating.
Image by jcomp on Freepik As the digital landscape continues to evolve, businesses of all sizes will face increasingly sophisticated cyber threats. While larger corporations may have dedicated IT departments, smallbusinesses often lack the resources to implement effective cybersecurity measures. Don’t wait until it’s too late.
There is a common misconception that smallbusinesses aren’t targeted by cybercriminals. They surmise, “I don’t have anything of value compared to a big business.” As a result, SMBs need to keep their guard up because the reality is that every business is a potential target for cybercriminals.
Individuals, smallbusinesses, and enterprise organizations all rely on encryption to securely store and transfer sensitive data across wide-area networks (WAN) like the internet. Application developers managing sensitive user data must especially beware of increasing regulatory action surrounding data privacy.
In November 2021, an unauthorized third party called a Robinhood customer support employee and, through socialengineering , gained access to the company’s customer support systems. Partnering with SentinelOne , N-able launched its endpoint detection and response (EDR) and passwordmanagement solutions in 2019.
Be sure to avoid passphrases that may include information that can be easily gathered about you via socialengineering. MFA offers various options, including hardware tokens like YubiKeys and software-based solutions like Time-Based One-Time Passwords (TOTP) , providing an extra shield against unauthorized access.
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